The term TGE stands for:
Token generation event
Token Generating Event or TGE is the same as Initial coin offering or ICO which means the following:
A crowdsale or token generating event (TGE), an ICO is based on a company’s going public (IPO). In the ICO case, the investor first receives a virtual equivalent in the form of a token for real money, which is a virtual currency or a cryptocurrencies. Depending on the type of token, the countervalue may also be a service or the right to obtain a product that is still under development. Figure 1 shows the process of an ICO after a credit auction (crowdlending). Two investors have agreed to make a total of 30,000 € available to a borrower via the platform (step 1). The smart contract documents the debt relationship and contains the credit conditions such as interest (in this case 5.5%), term, loan amount and balance. The investors receive 10,000 or 20,000 tokens in their wallets and the borrower receives the payout of 30,000 € (steps 2 and 3). Steps four to six contain the monthly repayments (paybacks), which result in an update of the balance in the smart contract and a payout to the investors.ocks (the validator with the shortest waiting time creates a block), which is delivered by TEE.
The image below explains it in a graphical way
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